Meat and bone meal interest levels were diminished in the Asian market again this week. Prices were flat for China but lower for Indonesia on accounts of full warehouses ahead of the Lunar New Year holiday. Australia and New Zealand domestic and export values were lower with an average of AU$750/mt and NZ$725/mt, individually.
The MLA reported cattle slaughter at 95,587 for last week, down from the week prior by 39.3 percent but 14.6 percent higher than 2023 levels. Slaughter in both New Zealand and Australia was slow through the end of December 2023 and into the middle of January on holiday downtime. However, year-to-date volume, at 353,659 head, are up from 2023 by 12.1 percent.
…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...